Ethereum futures would be the next step according to the principal of the CFTC

Ethereum Futures could be the next significant product to hit the cryptocurrency scene, said CFTC Chairman Heath Tarbert. Additionally, he expressed his hopes once again that the United States can lead the race for both digital assets and blockchain adoption. This aligns with Bakkt's plans.

Bitcoin has dominated the cryptocurrency futures market, but Ethereum could soon have its own similar product, according to Tarbert. The chairman of the U.S. Commodity Futures Trading Commission (CFTC) appeared in a recent interview where he offered his views on numerous topics, including the cryptocurrency market.

Ethereum Futures Coming Soon?

He spoke about the two largest digital assets, Bitcoin and Ethereum, saying that both “fall under our jurisdiction.” He went on to outline his agency’s actions towards the cryptocurrency space and specifically the futures market:

“We’re doing a lot in the digital asset space. We’re seeing exchanges start listing; certainly, we’ve seen Bitcoin futures, both cash-settled and physically delivered. I expect we’ll see Ether futures as well. And as things start to migrate into the commodity space, we’ll see even more .”

Interestingly, Ethereum Futures was recently alluded to by the president of the Bitcoin Futures trading platform, Bakkt. Adam White supported Tarbert's views and said that "the CFTC has only said that theoretically they would have approved futures on mainstream crypto assets, Bitcoin and Ethereum . "

The United States must be one step ahead

Just a few months ago, the CFTC president urged that the US should do more in terms of digital assets and blockchain innovations. Now, he reaffirmed that his nation should be the leader in this way

“Well, I said that the CFTC really believe that not only in the digital assets themselves, but in that blockchain technology… I want the United States of America to lead in this. I want to encourage innovation ”.

Also, he recently pushed for more regulations in the cryptocurrency market. Since the CFTC has sanctioned only Bitcoin and Ethereum as commodities, this raises concerns regarding the thousands of unregulated digital assets. He believes that once this changes, it will benefit the entire cryptocurrency market, but explicitly the Futures market.